from the G+ community description:
Faerie Tales & Folklore is an OSR style tabletop roleplaying game built around Chainmail/0e, with Swords & Wizardry filling in the holes. The game is set in the mythic "history" of our own world and seeks to capture the feel of the tales of our ancestors.

from the rules:
Færie Tales & Folklore is a set of rules intended to provide a group of players the ability to simulate battles of historical fantasy and engage in narrative roleplaying within a historical fantasy setting.
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The game of Færie Tales & Folklore is structured for three basic styles of play. First is to use the rules as a system for simple war gaming. Second is to use these rules for a more story-driven style of narrative roleplaying. Third is a form of cooperative storytelling/world building, where all players take turns acting as narrator and referee. Each style of play will receive greater detail below.